priceline group inc/the (PCE1) Details

The Priceline Group Inc. provides online travel and travel related reservation and search services. The company operates Booking.com, which provides online accommodation reservation services; and priceline.com that offers hotel, rental car, and airline ticket reservations services, as well as vacation packages and cruises through its Name Your Own Price and Express Deals travel services. It also operates Agoda.com, an online accommodation reservation service for consumers in the Asia-Pacific region; and rentalcars.com that offers car rental reservation services. In addition, the company offers KAYAK Websites and mobile apps that allow consumers to compare airline ticket, hotel reservation, and rental car reservation information from various travel Websites at once; and online restaurant reservation services to consumers, as well as reservation management services to restaurants under the OpenTable brand name. Further, it provides travel insurance services. The company was formerly known as priceline.com Incorporated and changed its name to The Priceline Group Inc. in April 2014. The Priceline Group Inc. was founded in 1997 and is headquartered in Norwalk, Connecticut.

priceline group inc/the (PCE1) Key Developments

The Priceline Group Inc. announced that Paul J. Hennessy has been named Chief Executive Officer of priceline.com, an operating business of the company, effective April 1, 2015. Mr. Hennessy will report into Darren Huston, President & CEO of The Priceline Group. Current priceline.com CEO Chris Soder has been named Chairman of the Norwalk, CT-based business. A veteran executive of The Priceline Group, Mr. Hennessy currently serves as Chief Marketing Officer of Booking.com.

The board of directors of the Priceline Group Inc. announced that it has named Charles Noski, Board Director of Microsoft Corporation, Avon Products Inc., and the National Association of Corporate Directors, as The Priceline Group's new Director, effective March 1, 2015. In 2012, Mr. Noski retired from the role of Vice Chairman of Bank of America Corporation, to which he was named after serving as the company's Executive Vice President and Chief Financial Officer. Prior to this, Mr. Noski served as Chief Financial Officer, Corporate Vice President and Director of Northrop Grumman Corporation. Prior to Northrop Grumman, he was Vice Chairman of the Board of Directors and Chief Financial Officer of AT&T Corporation. Before that, Mr. Noski led Hughes Electronics Corporation (now The DIRECTV Group) in various senior executive roles, including President and Chief Operating Officer. Mr. Noski began his career at Deloitte & Touche LLP where he was named Partner.

Priceline Mulls Acquisitions

Feb 24 15

The Priceline Group Inc. (NasdaqGS:PCLN), which is issuing senior notes in an underwritten public offering, is looking for acquisitions. The Priceline Group intends to use the net proceeds from the offering for general corporate purposes, which may include share repurchases, repayment of debt and acquisitions, among other uses.

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